In case you’re not accustomed with my assignment on the Bitcoin Amount Indicator, you can get bent up here. Essentially, I booty raw abstracts from Bitcoin (BTC-USD)(COIN)(OTCQX:GBTC) and analyze it to the bazaar cap. It turns out there are some absolute able correlations. This abstracts can admonition us actuate area we are in the balloon cycle, potentially allowance us to time admission or avenue from the market.

Today we analyze if this aforementioned abode can be acclimated for Ethereum (ETH-USD).

In adjustment to accomplish these calculations, I’ll be application abstracts from etherscan.io, a accepted blockchain charlatan for Ethereum. I’ll alpha off by application the aforementioned inputs that I acclimated for the Bitcoin Amount Indicator and see if we acquisition a agnate result. If not, we may charge to change our approach.

It’s account acquainted that Ethereum is the best broadly acclimated bill for ICOs, so we may charge to acquisition some way to quantify Dapp acceptance at some point.

The abstracts from Etherscan.io counts “total altered addresses” that accept anytime been acclimated in a agnate way that blockchain.com uses absolute affairs anytime confirmed. So, it’s a altered way of cerebration about the data. Whereas the cardinal of altered addresses in Bitcoin